PolySpot Raises €2 Million from Newfund to Boost its Growth

PARIS, September 12, 2011 -

PolySpot, the specialist enterprise search solution vendor, announces that it has raised €2 million from Newfund Management and the company’s key managers. Following this successful fund-raising round, the software developer is now in a position to boost its international growth by promoting the latest version of its highly successful products.

PolySpot’s enterprise search solutions are the result of over 10 years of research and development, featuring a highly innovative architecture and technologies (including Apache/Lucene indexing library and Apache/Solr search service). As a result, PolySpot is able to offer open, functionally rich and highly competitive solutions that are used by major accounts across all sectors, including BNP-Paribas, Crédit Agricole SA, Bureau-Veritas, Veolia, Vinci or Schlumberger. Building on this success, PolySpot is now using this fund-raising round to move to the next level and boost its international business in the coming months.

This fund-raising is part of an intensive work that began with the arrival of Gilles André (the figure behind success stories such as Leonard’s Logic and Augure) as the company’s new Managing Director and the appointment of David Fischer as head of R&D in 2010.

“Businesses are now keenly aware of the importance of information access in securing growth. With this fund-raising round we will be able move into new territories, helping our partners and customers to implement innovative, cross-functional search solutions and business-specific applications,” explains Gilles André, Managing Director of PolySpot.

“We were persuaded to invest by PolySpot’s ability to innovate, the pragmatic approach of its staff and the ability of its managers to implement an ambitious plan,” adds François Véron, partner at Newfund.

About PolySpot (www.polyspot.com)

Founded in 2001, PolySpot designs and sells search and information access solutions designed to improve business efficiency in an environment where data volumes are increasing at an exponential rate.

PolySpot’s solutions offer universal connectivity, covering all business needs and ensuring that companies can access the data they need, regardless of their structure, format or origin. PolySpot’s solutions are based on an innovative infrastructure offering both versatility and high performance, enabling companies to make best use of their assets and rationalising the strategic costs that today’s businesses and organisations face.

PolySpot’s solutions have millions of users worldwide, across all business sectors, with customers including Allianz, BNP Paribas, Bureau Veritas, Crédit Agricole, OSEO, Schlumberger, Veolia, Trinity Mirror and Vinci.

About Newfund (www.newfund.fr)

Newfund is a EUR 72m growth equity fund which brings strong support to portfolio companies. Newfund is managed by an experienced team having worked in several companies and not only financial institutions. Newfund is financed by entrepreneurs, with a shared belief in the development potential of dynamic French SMEs.

Press Contacts
PolySpot
Romain Mabil
RUMEUR PUBLIQUE
romain@rumeurpublique.fr
+33-1-55-74-52-27

Newfund
François Véron
veron@newfund.fr
+33-1-42-93-39-30

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